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SoftBank unmasked as 'Nasdaq whale' that stoked tech rally

Japanese conglomerate has been snapping up options in huge amounts over past month

Masayoshi Son, the "Nasdaq whale?"   © Reuters

TOKYO/LONDON/NEW YORK (Financial Times) -- SoftBank is the "Nasdaq whale" that has bought billions of dollars' worth of US equity derivatives in a series of trades that stoked the fevered rally in big tech stocks before a sharp pullback on Thursday and Friday, according to people familiar with the matter.

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